I'm interested in buying single family (even though I hate this idea at a young age) because of the appreciation and low multifamily volume.

I was considering purchasing a single rental property with all cash to maximize cash flow. 

Consider expanding single-family homes into multiple units if zoning permits, to maximize ROI.

And the Milwaukee major wants to grow its population by more than 60% by changing the zoning law (project Growing MKE) opening up the sea of low density single family zoning to townhomes, mixed use, MF and ADU's. 

Hey Everyone, I've been building an Excel financial model that can quickly analyze potential value-add multifamily projects and I've run into an issue that I wasn't expecting - when calculating the returns, do you take into account both the refinance and sale proceeds, along with the cash flow?

Chris,For non owner occ loans in CA or commercial loans if you wish to pool investors one way to do it is through a CA RE Broker who can legally fractionlize a single property into 10 or less co lenders as to thier % interest in said loan. 

If we crush the rehab I think we can even push closer to 200Cash-Out Refi Amount: $131k (75% LTV of the conservative 175k figure) Profit if done as a flip: 60k. (175k - 115k purchase price & rehab)Cash Invested: 18k (This accounts for $7,500 for down payment to lender, $2,000 in EMD to seller, lender fees, inspection, insurance, title, projected 3 months holding costs at $1000 per month)----------------------------------------------------------------------------If I do it as a flip, from what I understand, I'll be hit with a ridiculous tax bill (24% short term capital gains + 15% self-employment tax), leaving me with roughly $36k after-tax profit. 36 - my 18 invested leaves me with 18k increase to my net worth.

(You can do better in a savings account!)

But told 1800 accounts they were an S corp. 

The risk/reward ratio does not seem worth it, there are other less risky places to park your money with better returns at the moment.Also, as someone pointed out, you didn’t account for property management.